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 Topic: Big 4 MBA/MAcc/CPA Salary? ( Topic Closed)
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TaxProfMom
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| Posted: 03 Mar 2012 at 23:29 | IP Logged
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I teach 6 classes a year at a top university, and I make 24k plus some
consulting because I am an adjunct. If I could get a job in project
management, I'd make between 90k-120k with or without benefits. But I
can't get anyone to look beyond the fact that my last big IT project was 9
years ago.
So yeah, 51k six and it would barely pay for childcare, but I'd bet I'd rise very
quickly into the 80k range, and then it would be better.
No boost for MBA & CPA?
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lolfor7
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| Posted: 13 Mar 2012 at 01:13 | IP Logged
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Thank you for information sharing, it useful to me.
Well, great work! You have helped me to improve my knowledge about this field. Thank you so much for sharing.
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Fusion
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| Posted: 22 Mar 2012 at 18:56 | IP Logged
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Not much for CPA or MBA. You have kids, but you want to go
into Big 4 Audit and make peanuts? Makes no sense.
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thebigD
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| Posted: 04 Apr 2012 at 15:49 | IP Logged
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I'm a bit late to this party, but if you are still
looking at the forum I feel like I can sum up some of the
other poster's sentiments.
I understand your line of thinking when it comes to your
experience and leadership abilities. But if you take a
second to think of it from the firm's perspective, it is
not really in their best interests to hire you.
Entry level audit positions generally have very linear
promotion timelines that are based on number of busy
seasons worked. So you may be mentally and academically
qualified for a senior associate position(making 70-80k)
but you still have to put in the years, plain and simple.
Now, if you had your CPA and MBA(pretty irrelevant for
audit unfortunately)and had a few years of audit
experience under your belt, then those certs. would
absolutely provide a higher starting salary.
Here, unfortunately, is the kicker. Big4 audit divisions
are getting 90% of their new hires from internships/on
campus recruiting. The vast majority of those new hires
will be 23-25 and relatively fresh out of college. They
are inexperienced, but they ALL have the benefit of being
pretty much the same when it comes to
life/economic/career situation. And that similarity does
wonders for cohesion in the early years...audit,
especially early on, is predicated on doing mundane tasks
over and over, while relying on your team and other
"starting class" members to make the time passable and
enjoyable. It is not in the best interests of mgmt. to
hire someone, like yourself, whose career goals/life
position/personality so blatantly contrasts with the
majority of the other new hires.
Also, while Big4 is notorious for personnel turnover,
they accept that reality because they know that even if
they only keep 10% of their already bright original group
they will put themselves in a good continuing position.
Why would they hire someone that so obviously has no
intentions of staying, especially when you don't "fit the
mold" as they say.
All that said, firms are doing a lot of hiring right now,
and on the surface you seem to be qualified and
motivated. If you played your cards right and were able
to CONVINCINGLY pitch yourself as someone that wants to
start over in a new industry for which you found a
passion late in life(and only refer to your past
certs./experience as reasons you are qualified for the
starting position) then maybe they would consider hiring
you.
I know my wall of text has gotten too long, but
ultimately you need to consider the question of "Why
would they hire me?" If you think you can provide
adequate answers to that during an interview then go for
it, just make sure you look at the situation from both
sides.
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jakemia
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| Posted: 05 Apr 2012 at 01:36 | IP Logged
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TPM
When you apply for your next job, how will you explain being away from the workplace for four years? Will you tell them that you have kids?
TheBigD
I used to work 80 hours per week for eight years and I'll be going back to work within a couple of years. I'll be cutting down my hours to 60-70 during the tax season. I will still be able to work weekends. I would have been away from work for four years by then. What do you recommend what I tell them during the interview? I haven't been working b/c of the babies? Or is it better to fill my resume with the part time work I've been doing for my friend? Does being a mother make me a workplace pariah? I'd appreciate the same honest answer you've given TPM.
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